Jetcraft: European Bizav Market Lags Behind U.S. Recovery
Many European operators are rightsizing their fleets, which makes this a stronger recovery.
Jetcraft president Chad Anderson said one reason for a recovery lag is uncertainty in the Russian market.
Jetcraft president Chad Anderson said one reason for a recovery lag is uncertainty in the Russian market.

“The European business aviation market recovery is lagging that of the U.S. market by 12 to 18 months,” Chad Anderson, president of business jet broker Jetcraft (static display), told AIN here at EBACE 2014. “Many European operators are rightsizing their fleets, which makes this a stronger recovery. However, there is still a lot of price fragility in the pre-owned business jet market.”